Banca Transilvania S.A.

BVB:TLV Stock Report

Market Cap: RON 30.6b

Banca Transilvania Valuation

Is TLV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TLV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

RON 29.93
Fair Value
6.1% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: TLV (RON28.1) is trading below our estimate of fair value (RON29.93)

Significantly Below Fair Value: TLV is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TLV?

Key metric: As TLV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TLV. This is calculated by dividing TLV's market cap by their current earnings.
What is TLV's PE Ratio?
PE Ratio6.9x
EarningsRON 4.46b
Market CapRON 30.64b

Price to Earnings Ratio vs Peers

How does TLV's PE Ratio compare to its peers?

The above table shows the PE ratio for TLV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.3x
BRD BRD - Groupe Société Générale
8.8x3.20%RON 14.0b
PBK Patria Bank
7.3x11.26%RON 337.7m
HSBK Halyk Bank of Kazakhstan
3.5x7.22%US$6.9b
BPSO Banca Popolare di Sondrio
9.4x-4.21%€6.1b
TLV Banca Transilvania
6.9x2.41%RON 30.6b

Price-To-Earnings vs Peers: TLV is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (7.3x).

Price to Earnings Ratio vs Industry

How does TLV's PE Ratio compare vs other companies in the European Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TLV 6.9xIndustry Avg. 9.8xNo. of Companies45PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TLV is good value based on its Price-To-Earnings Ratio (6.9x) compared to the European Banks industry average (9.8x).

Price to Earnings Ratio vs Fair Ratio

What is TLV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TLV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio8.2x

Price-To-Earnings vs Fair Ratio: TLV is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TLV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRON 28.10
RON 30.19
+7.45%
10.00%RON 33.80RON 25.90n/a8
Sep ’26RON 27.54
RON 30.19
+9.63%
10.00%RON 33.80RON 25.90n/a8
Aug ’26RON 27.48
RON 28.78
+4.72%
9.10%RON 33.77RON 25.90n/a8
Jul ’26RON 26.67
RON 26.74
+0.24%
4.89%RON 28.06RON 23.96n/a9
Jun ’26RON 25.23
RON 26.74
+5.99%
4.89%RON 28.06RON 23.96n/a9
May ’26RON 23.68
RON 26.74
+12.92%
4.89%RON 28.06RON 23.96n/a9
Apr ’26RON 24.18
RON 26.74
+10.60%
4.89%RON 28.06RON 23.96n/a9
Mar ’26RON 24.05
RON 25.85
+7.49%
7.23%RON 28.06RON 22.34n/a8
Feb ’26RON 23.08
RON 25.58
+10.82%
7.21%RON 28.06RON 22.34n/a7
Jan ’26RON 22.70
RON 25.58
+12.67%
7.21%RON 28.06RON 22.34n/a7
Dec ’25RON 22.20
RON 24.07
+8.43%
13.15%RON 28.06RON 18.33n/a6
Nov ’25RON 23.80
RON 23.02
-3.25%
11.61%RON 26.83RON 18.33n/a6
Oct ’25RON 23.34
RON 23.02
-1.34%
11.60%RON 26.82RON 18.33n/a6
Sep ’25RON 24.18
RON 23.02
-4.77%
11.60%RON 26.82RON 18.33RON 27.546
Aug ’25RON 24.47
RON 21.42
-12.47%
13.84%RON 24.90RON 15.97RON 27.486
Jul ’25RON 23.29
RON 21.42
-8.05%
13.84%RON 24.90RON 15.97RON 26.676
Jun ’25RON 22.85
RON 21.42
-6.28%
13.84%RON 24.90RON 15.97RON 25.236
May ’25RON 20.80
RON 21.21
+1.97%
9.35%RON 23.96RON 18.42RON 23.685
Apr ’25RON 20.36
RON 20.49
+0.60%
11.88%RON 23.96RON 16.85RON 24.186
Mar ’25RON 19.34
RON 19.79
+2.34%
10.37%RON 22.34RON 16.85RON 24.055
Feb ’25RON 18.15
RON 18.57
+2.32%
5.04%RON 19.57RON 16.85RON 23.085
Jan ’25RON 17.77
RON 18.57
+4.52%
5.04%RON 19.57RON 16.85RON 22.705
Dec ’24RON 16.83
RON 18.62
+10.59%
5.28%RON 19.78RON 16.85RON 22.205
Nov ’24RON 16.16
RON 18.43
+14.06%
5.36%RON 19.78RON 16.85RON 23.806
Oct ’24RON 16.19
RON 17.70
+9.37%
11.39%RON 19.78RON 13.31RON 23.347
Sep ’24RON 15.48
RON 16.79
+8.44%
14.06%RON 19.78RON 13.31RON 24.186
RON 30.19
Fair Value
6.9% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/28 15:30
End of Day Share Price 2025/09/26 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Banca Transilvania S.A. is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mihai AnghelescuAlpha Finance Romania
Andreas MarkouBerenberg
Simon NellisCitigroup Inc